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单词 COINSURANCE CLAUSE
释义

Insurance policy section that at least a certain percentage, typically 80 percent, of a building must be insured for its insurable worth, based on an appraised or market worth of the property less worth of land. This is done in order to collect the full amount of a partial-loss claim on the property.

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更新时间:2024/10/27 7:21:22